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34-03 42nd St 6 Unit Apartment Building $1,833,461 CAD ($305,577 CAD/Unit) Long Island City, NY 11101
Executive Summary
strong income + upgraded asset + future upside
6-Family Investment Property
Exceptional investment & ALL the buyers opportunity in prime Astoria.
Solid 6-family stone building generating $138,185.52 annual income with strong tenant stability and long-term upside.
This well-maintained property features 5 newly renovated apartments, making it a turnkey asset for investors seeking immediate cash flow with minimal capital improvements required.
Property Highlights:
6 Residential Units
6 storage in the basement
Annual Gross Income: $138,185.52
5 Apartments Renovated
Building Size: 28 ft x 68 ft
Lot Size: 28 ft x 100 ft
Zoning: R6B with C1-4 Commercial Overlay
Updated DHCR
No Violations
Tenants Pay On Time
Strong Rental Demand
Located just minutes from the R & M subway lines, offering approximately a 15-minute commute to Manhattan. Surrounded by restaurants, retail, and everything that makes Astoria one of Queens’ most desirable neighborhoods.
R6B / C1-4 zoning provides additional long-term value and flexibility, making this an ideal opportunity for investors looking for stable income and future appreciation.
Serious inquiries only. Contact for full financials and rent roll.
Showing with appointment Only
6-Family Investment Property
Exceptional investment & ALL the buyers opportunity in prime Astoria.
Solid 6-family stone building generating $138,185.52 annual income with strong tenant stability and long-term upside.
This well-maintained property features 5 newly renovated apartments, making it a turnkey asset for investors seeking immediate cash flow with minimal capital improvements required.
Property Highlights:
6 Residential Units
6 storage in the basement
Annual Gross Income: $138,185.52
5 Apartments Renovated
Building Size: 28 ft x 68 ft
Lot Size: 28 ft x 100 ft
Zoning: R6B with C1-4 Commercial Overlay
Updated DHCR
No Violations
Tenants Pay On Time
Strong Rental Demand
Located just minutes from the R & M subway lines, offering approximately a 15-minute commute to Manhattan. Surrounded by restaurants, retail, and everything that makes Astoria one of Queens’ most desirable neighborhoods.
R6B / C1-4 zoning provides additional long-term value and flexibility, making this an ideal opportunity for investors looking for stable income and future appreciation.
Serious inquiries only. Contact for full financials and rent roll.
Showing with appointment Only
Property Facts
| Price | $1,833,461 CAD | Building Class | C |
| Price Per Unit | $305,577 CAD | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 6,175 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R6B, Queens - Medium density residential district | ||
| Price | $1,833,461 CAD |
| Price Per Unit | $305,577 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 6,175 SF |
| No. Stories | 3 |
| Year Built | 1922 |
| Opportunity Zone |
Yes |
| Zoning | R6B, Queens - Medium density residential district |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Sprinkler System
- Range
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Numbers | Improvements Assessment | $240,319 CAD | |
| Land Assessment | $10,638 CAD | Total Assessment | $250,957 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$10,638 CAD
Improvements Assessment
$240,319 CAD
Total Assessment
$250,957 CAD
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Presented by
Citi Homes Inc
34-03 42nd St
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